Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 13.0%
  • Listing ID: 655895
  • Posted On: Apr 14, 2016
  • Updated On: Jul 12, 2017

Description

Park consist of 15 old single and doublewide units that sat on 6-7 parcels each consisting of 1/2 to 1 acre lots holding one to 2 units. The park is on septic and well water which both work just fine. The rents are $110-$115 a week. The park has window AC and electric space heaters for winter. The net last year was in the $25k net. He is asking $199k cash but wants offers from folks that can close.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 90.0 %
Year Built: 1970
Size: 11 acre(s)

Financial Information (Actual)

Net Operating Income: $25
Debt Info: none

Lot Information

Singlewide Lots: 9
Doublewide Lots: 6

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $440